When politics dictates policy: China’s faltering economy
The Intelligence from The Economist
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China's Economic Struggles: A Deep Dive
This chapter explores the critical situation surrounding China Evergrande Group and its implications for the broader Chinese economy. It examines the shift in government policy under President Xi Jinping, which has led to declining consumer confidence and a hesitant response to economic challenges. Additionally, it discusses the complexities of local and central government roles in economic recovery, emphasizing the impact of restrictive regulations and political motivations.
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